Free Practice for SAT ACT and Compass Maths tests. Maths made easy Subject. A principal of 2000 is placed in a savings account at 3 per annum compounded annually.
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PV FV1r n. This particular question is around GCSE grade 4 5 B in old money and deals with using the formula. Amount after n years starting amount x multipliern. The Corbettmaths Practice Questions on Compound Interest.